Accenture (ACN) and OpenAI (PC:OPAIQ) have announced a major partnership to speed up the adoption of agentic AI systems, or AI agents that can act autonomously, within large enterprises. Following the news, Accenture stock jumped 5% as investors saw the partnership as a growth catalyst, strengthening its position in enterprise AI.
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Partnership Drives AI Upskilling and Automation
The deal involves giving tens of thousands of Accenture professionals access to ChatGPT Enterprise and launching a joint program to help clients in various sectors integrate AI into core business functions.
The collaboration also includes a large-scale upskilling program, with Accenture planning to train the majority of its professionals through OpenAI Certifications.
A key part of the deal is the use of OpenAI’s AgentKit to design and deploy custom AI agents that can automate complex workflows and support decision-making in areas such as customer service, finance, HR, and supply chain management.
Accenture Strengthens AI Capabilities
Overall, this partnership is a key move by Accenture to strengthen its AI capabilities amid the growing demand for AI integration in the consulting industry and follows recent related investments and acquisitions.
Julie Sweet, Accenture’s CEO, said that combining OpenAI’s breakthrough technologies with Accenture’s deep industry knowledge will “accelerate enterprise reinvention and business outcomes.”
Is ACN Stock a Good Buy?
Turning to Wall Street, ACN stock has a Moderate Buy consensus rating based on 12 Buys and nine Holds assigned in the last three months. At $287.65, the average Accenture stock price target implies an 11.71% upside potential.
